Paramount Skydance Corporation Class B Common StockPSKY
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Acquisition of Warner Bros. Discovery delayed due to antitrust lawsuit and court order.
US media giant Paramount Skydance decided on the 24th to delay its acquisition of rival Warner Bros. Discovery until as late as June next year. Twelve states including California and the Writers Guild filed a lawsuit this month seeking an injunction on antitrust grounds, and the parties agreed to postpone the deal for the time being unless a ruling is issued. The federal district court ordered a temporary halt until the 3rd of next month on the 20th, and later extended it through the 17th.
Paramount Skydance Corporation Class B Common StockAcquisition of Warner Bros. Discovery delayed due to antitrust lawsuit and court order.
Warner Bros Discovery IncAcquisition by Paramount Skydance delayed due to antitrust lawsuit and court order.